externality

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ex·ter·nal·i·ty

 (ĕk′stər-năl′ĭ-tē)
n. pl. ex·ter·nal·i·ties
1.
a. The condition or quality of being external or externalized.
b. Something that is external.
2. A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices: pollution and other negative externalities.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

externality

(ˌɛkstɜːˈnælɪtɪ)
n, pl -ties
1. the state or condition of being external
2. something external
3. (Philosophy) philosophy the quality of existing independently of a perceiving mind
4. (Economics) an economic effect that results from an economic choice but is not reflected in market prices
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

ex•ter•nal•i•ty

(ˌɛk stərˈnæl ɪ ti)

n., pl. -ties.
1. the state or quality of being external or externalized.
2. something external.
4. an often unforeseen external effect accompanying a process.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.externality - the quality or state of being outside or directed toward or relating to the outside or exterior; "the outwardness of the world"
worldliness - concern with worldly affairs to the neglect of spiritual needs; "he disliked the worldliness of many bishops around him"
spatial relation, position - the spatial property of a place where or way in which something is situated; "the position of the hands on the clock"; "he specified the spatial relations of every piece of furniture on the stage"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Monetary valuation of the external costs has been most discussed in the ExternE methodology from the aspect of human health risks assessment.
The company said it expected the markets to grow in 2007 while external costs should be more favourable than in the past.
manufacturers are rising external costs associated with health care, materials and energy, which manufacturers are unable to transfer to product pricing.
The increase stems largely from a 66% leap in external costs for consulting, software, and other vendors, and a 58% increase in the fees charged by external auditors.
"We are very encouraged by the strong trading across our hotels but we face challenges in our health and fitness clubs and from higher external costs," said chief executive Carl Leaver.
"However, the considerable additional external costs of Sarbanes-Oxley Section 404 compliance hit us particularly hard in the fourth quarter, with expenses of over $700,000.
The 217 public companies surveyed estimated internal costs of $1.34 million, $1.72 million for external costs and $1.34 million for auditor fees.
While the research shows that many external costs of smoking have been underestimated, it also states that smoking's costs to the Medicare and Medicaid programs are far lower than the windfall states have received under the master tobacco settlement.
A special meeting of Cardiff council will be told tonight that external costs have now topped pounds 2.6m.
They expected to spend the most on external costs. The May 2003 survey, in which 83 companies participated, had found complying would consume, on average, about 6,000 staff hours and would raise audit expenditures by 35%.
"From the perspective of policy evaluation," Miron writes, "only the external costs matter." He also notes that people deterred from using illegal drugs may spend their money in ways that are equally damaging and that associations between drug use and criminality, poor health, or low productivity do not necessarily signify cause-and-effect relationships.
"But when the additional external costs [of government regulation] are piled on, the task becomes unmanageable, even in the best companies."

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